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Schneider Electric has committed to invest in a portfolio of Texas-based projects utilizing a Tax Credit Transfer Agreement for solar systems and BESS developed, built and operated by ENGIE North America.

“Schneider Electric is committed to achieving net-zero emissions across our operations by 2030. This new solar-plus-storage agreement for the U.S. and Canada with ENGIE, a leading developer of renewables, will help us reach that goal,” says Schneider Electric’s Aamir Paul. “The IRA opens the door for innovative projects through its transferability clause, and expands the range of entities that can benefit from tax credits in meeting decarbonization objectives. Schneider Electric is a leader in sustainability, efficiency and the energy transition, and we are proud to ‘model the way’ with this tax credit transfer.” 

Since 2017, the two companies have partnered on North America projects that currently exceed 1.6 GW, says Schneider Electric. ENGIE’s total corporate PPA portfolio in North America exceeds 6.5 GW.

Schneider Electric was advised on the deal by consultants from its Sustainability Business.

The projects are expected to come online this year.

The post Schneider Electric Announces Investment with ENGIE for Solar, BESS  appeared first on Solar Industry.

Schneider Electric Announces Investment with ENGIE for Solar, BESS 

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Renewable Energy

Renewable Energy Concepts Can’t Violate the Laws of Physics

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In the early days of 2GreenEnergy, my people and I were vigorously engaged in finding solid ideas in cleantech that needed funding in order to move forward.

I vividly remember a conversation with a guy in Maryland who was trying to explain the (ostensible) breakthrough that he and his team had made in hydrokinetics. When I was having trouble visualizing what we was talking about, he asked me to “think of it as a river in a box.”

“Oh!” I exclaimed. “You mean you take a box full of standing water, add energy to it get it moving, then extract that energy, leaving you with more energy that you added to it.”

“Exactly.”

I politely explained that the laws of physics, specifically the first and second laws of thermodynamics, make this impossible.

He wasn’t through, however, and insisted that, in his office, his people had constructed a “working model.”

Here’s where my tone descended into something less than 100% polite. I told him that he may think he has a working model, but he’s wrong; if he believes this, he’s ignorant; if he doesn’t, but is conducting this conversation anyway, he’s a fraud.

“But don’t you want to come see it?” he implored.

“No. Not only would not fly across the country to see whatever it is you claim to have built, I wouldn’t walk across the street to a “working model” of something that is theoretically impossible.”

I tell this story because the claim made at the upper left is essentially identical.  You’re pumping water up out of a stream, and then claiming to extract more energy when the water flows back into the stream.

Of course, social media today is rife with complete crap like this.  We’ve devolved to a point where defrauding money out of idiots is rapidly replacing baseball as our national pastime.

Renewable Energy Concepts Can’t Violate the Laws of Physics

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Renewable Energy

What Canada Has that the U.S. Doesn’t

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Until recently, I would have moose, maple syrup, and frozen tundra.

Now I would say: decency, honesty, and class.

What Canada Has that the U.S. Doesn’t

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Renewable Energy

Not Sure About Zero Illegals, But . . .

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I’m ready to live in a country with zero hateful morons, if that counts.

Not Sure About Zero Illegals, But . . .

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